Press release
Automotive Robotics Market Size will grow with a healthy CAGR of 11.70% during 2020-2027
Across the globe, COVID-19 pandemic has severely affected the robotics automation industry because the automotive industry uses mo
Besides, Car manufacturing robots give automotive key players a competitive advantage. They not only improve quality and reduce warranty costs at the same time also protect workers from dangerous jobs. Around the globe, Car assembly line uses robots for welding and painting purpose. However, there is much other use of robots throughout the supply chain process. The most prominent factors that boosted this market's overall growth are rising vehicle production, enhancing cost competitiveness, and wage inflation. However, perception automation pushes unemployment and high penetration in the automotive industry may hamper the market growth.
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Automobile manufacturers incorporate robotics into their manufacturing processes because robots provide many benefits on the production line, including enhanced precision, efficiency, flexibility, and reliability. As a outcome of this extensive selection of automotive robotics, the automobile industry has turned to the world's most automated industry and one of the most significant consumers of industrial robots.
Automotive manufacturing robots provide a competitive advantage to automotive firms by improving quality, increasing capacity, lowering warranty costs, and protecting workers from challenging and dangerous duties. Automotive robotics is commonly used in automobile assembly factories for applications such as spot welding, painting, and other tasks; nevertheless, there are several other possibilities.
The automobile industry is focusing its efforts on maximising the benefits of Industry 4.0, in which connected machines communicate with one another and human administrators to ensure efficient and seamless operations. As a result, robotization in the mechanisation industry is propelling the Automotive Robotics Market forward. Industry 4.0 can be defined as a new stage in the evolution of manufacturing. According to Renub research findings, the Global Automotive Robotics Market Size will grow with a healthy CAGR of 11.70% during 2020-2027.
The growth of AI integrated robotics and other data-driven operations will lend to the adoption of automotive robotics worldwide. The American bar association section of Science & technology law hosted a series of presentations on the legal implications of advanced robotics in the car building process industry in 2020. There on, Robotics safety standards are continuously developing for the more complex and specialized environment. The Automotive Robotics Industry was valued at US$ 6.5 Billion in 2020.
COVID-19 Impact on Automotive Robotics Industry
Across the globe, COVID-19 pandemic has severely affected the robotics automation industry because the automotive industry uses most of the automotive robotics. COVID-19 pandemic has hindered the production line because of reduced consumers demand globally. Worldwide, companies have reduced their investment in automation that has impacted much on this industry. As per our analysis, this industry will recover post-COVID, and this market will flourish during the forecast period.
Renub Research report titled “Automotive Robotics Market, Global Forecast by Components (Sensors, Controller, End Effectors, Robotic Arm, Drive, Others), Types (Articulated, Cartesian, Scara, Cylindrical, Others), Application (Welding, Material Handling, Painting, Cutting, Others), Region (North America, Europe, Asia Pacific Middle East & Africa, Latin America), Company (ABB, FANUC CORPORATION, Rockwell Automation, Inc., Seiko Epson Corporation, YASKAWA ELECTRIC CORPORATION)" provides complete insights on Global Automotive Robotics Industry.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/automotive-robotics-market-p.php
Component - Market breakup from 6 viewpoints
1. Sensors
2. Controller
3. End Effector
4. Robotic Arm
5. Drive
6. Others
Types-Market breakup from 5 viewpoints
1. Articulated
2. Cartesian
3. Scara
4. Cylindrical
5. Others
Application-Market breakup from 5 viewpoints
1. Welding
2. Material Handling
3. Painting
4. Cutting
5. Others
Region -Market breakup from 5 viewpoints
1. North America
2. Europe
3. Asia Pacific
4. Middle East & Africa
5. Latin America
Company Insights
• Overviews
• Recent developments
• Revenues
Company
1. ABB
2. FANUC CORPORATION
3. Rockwell Automation, Inc.
4. Seiko Epson Corporation
5. Yaskawa Electric Corporation
Industry Related Opportunity:
Service Robotics Market: https://www.renub.com/service-robotics-market-p.php
Industrial Robotics Market: https://www.renub.com/industrial-robotics-market-p.php
Global Automotive Market: https://www.renub.com/global-automotive-market-p.php
Autonomous Vehicles Market: https://www.renub.com/autonomous-vehicles-market-p.php
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers, and executives to make informed and correct decisions.
Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Contact Us:
Renub Research
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Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.
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